MarginEdge

“Once I take an inventory again, saved, send it right off to my bookkeeper. I have those numbers in real time. And it's just, again, you have the confidence of the numbers being correct.”

“It does make it so much easier. In regard to taking inventory, I get to do it right here on my phone. No spreadsheets, no anything... it has taken the inventory process [from] what used to take, you know, several hours, and brought it down to just a few hours, and I can do it right here on my phone.”

“So before, the coding [of an] invoice, for example, from US Foods, that's five pages long, could take an hour. Now it takes one click of my phone. One click on my camera, on my phone, and it's all done. It's downloaded.”

“The elevator pitch on MarginEdge is: you'd be crazy not to use it, and it makes you more efficient. And maybe you'll get to go home before midnight.”

“If I hadn't heard of MarginEdge, I'd still be in the previous century, doing spreadsheets, doing formulas, ripping my hair out, trying to figure out why things don't make sense. And spending more time figuring out what my food cost is, as opposed to knowing my food cost and acting on those things. That is the biggest difference.”

“It's the difference between being an open and closed restaurant. I mean, it allows our food costs to stay correct, it allows us to stay profitable, it allows us to be here for 20 years.”

“También lo puedo poner en español, y se hace mucho más fácil... con ellas, al entrenarlas, es más fácil, porque también las puedo entrenar con el sistema en español. Así yo puedo recomendar este sistema, este programa, al 100%, es muy bueno.”

“With MarginEdge, the Smart Prep helps us cut down on waste and also makes us more efficient... and it helps us cut down on labor.”

“We use a tool called Smart Prep from MarginEdge. Every morning it generates a sales forecast and turns it into a prep list that tells my team exactly what to prep and how much. I'm not guessing anymore. We prep the right amount each shift so nothing gets wasted at close or 86'd mid-service.”

“We noticed that the price of chicken jumped up a couple dollars over a two-week period. So seeing that in MarginEdge, when I see the report in the morning that gets emailed to me, it allowed me in real time to make some changes. So instead of 12oz coming in [for] a particular recipe, we dropped it to 11oz, which got our food costs back on track.”

“It allows our food costs to stay correct. It allows us to stay profitable. It allows us to be here for 20 years. I mean, using MarginEdge is a huge reason that we're still here.”

“It’s the most important report clients should be looking at,”

“MarginEdge allows us to streamline vendor bill payments and statement reconciliation. And they do this at a price point that’s more than reasonable, all while maintaining an impressive, super-high level of accuracy. It’s a win-win.”

“The fact that MarginEdge can automate the data entry aspect of bookkeeping for the price they do really made it a no-brainer. There is no other system we’ve seen able to do what they do.”

“We're also looking to do our first capital raise and finding a strategic partner that's going to be able to help us scale faster. We feel South Block has a lot of potential and a big part of that is thanks to working with tools like MarginEdge, so we’re able to look at our costs in real time and train people faster. It's given us some of the tools we need to grow that way, so it makes us more appealing and able to open new locations. We’re looking forward to seeing what happens!”

“We're opening our Amazon location in Pentagon City at the new Amazon HQ, which is pretty exciting.”

“With the way that we can pull insights out of the food usage, we can look at specific items that they can focus on and over time, brings the cost of goods down.”

“Commodities fluctuate, they go up and down all the time, but overall, as we've gotten bigger, we've been able to negotiate better food costs and a big part of that is just by being able to see what we use the most of, what prices go up and what our usages are in MarginEdge.”

“With the way that we can pull insights out of the food usage, we can look and say this location's really good at managing their granola, this location's really good at managing the organic juices that we sell, and this location is really good at managing its fresh fruit. We can use those insights to bring all of our operators together and share best practices. That elevates everybody's performance and over time brings the cost of goods down.”

“The way we have to set up is that the store that's giving the inventory is responsible for making sure that the transfer goes through. So that way they're tracking it and they're making sure that it's accounted for.”

“Internal transfers are a necessary evil. In a perfect world, you’d never need to transfer anything and each store would be self-sufficient. But people forget to order stuff or they get shorted on their delivery and it's useful to track those costs if I run to another store for product. I don't want to give them $400 worth of product if I don't know that I'm gonna get credited for that.”

“We use the purchase reporting to see what people buy. We can see patterns, like why is everybody buying extra bananas? Is there an issue with getting shorted on bananas?”

“Anything you focus on, you're gonna be able to make a difference with. On the store level, being able to have that information in real-time so that they can take a look at their ordering and their waste, and that type of stuff, it makes a little difference here and there. But a few cents add up when you have 15 locations over the course of a year.”

“The major value of MarginEdge is that 100% of the operator's time is spent in operations.”

“The platform has definitely impacted our food costs just because there are more eyes on it in real-time. We have multiple people, from the support team and at the store level, all tracking invoices, food costs and prices, all looking at all that stuff. So, just being aware of it and being able to get that information in real time, that's definitely made a difference over time.”